Pacer Gold-Copper-Nickel-Platinum-Palladium Project

canada_yukon

The Pacer Claim Group comprises 236 mineral claims covering an area of 4,933 hectares located approximately five kilometers west of the town of Haines Junction in the Front Ranges of the Kluane Mountains.

The claims cover an historical gold occurrence and highly prospective epithermal gold and nickel-copper-platinum targets indicated by regional stream geochemical surveys and airborne geophysics as well as preliminary surface exploration conducted by Solomon in September of 2010.  The Pacer Claims are located in a poorly explored belt extending northwest from Haines Junction to Junction to the Wellgreen PGE-Nickel-Copper Project of Prophecy Platinum Corp. (TSX.V-NKL)

 

The Pacer showing was originally staked in 1966 by Golden Gate Exploration to protect an airborne magnetic survey anomaly.  The property was optioned to Noranda Exploration Company Limited who explored intermittently from 1988 to 1989.  Gold was reported to occur with pyrrhotite and chalcopyrite in a quartz-carbonate stockwork cutting rusty siliceous argillite in the hanging wall of a serpentinized gabbro-peridotite sill 150 meters thick and at least 4000 meters long.  A specimen from the main showing assayed 19.7 grams per tonne (g/t) Gold (Au) and a nearby quartz-sericite vein returned 2.5% Copper (Cu)  and 1.5 g/t Au.  High grade copper float was found in foliated greenstone boulders in what is locally known as Thunderegg Creek downstream of the Golden Gate showing.

pace_1

Noranda identified a gold-in-soil geochemical anomaly 1500 meters long and 20 meters wide with values up to 1270 parts per billion (ppb) Au extending north from the original Golden Gate showing.  Rock samples taken from outcrop away from the main showing assayed as high as 3.1 g/t Au.  Noranda abandoned the option on this property in 1991 as part of a corporate reorganization.

This area has a rich history of placer gold mining, with early production reported from the Alsek River and associated drainages.   Kimberley Creek, which drains the ridge south and west of the Pacer Claim Group, has been actively mined for several years and new placer claims have been staked immediately northwest of the Pacer Claim Group in the past two weeks.

Ongoing work by the Yukon Geological Survey has drawn new attention to both the Kluane Front Ranges and the Ruby Range, and recent staking activity suggests that junior exploration companies looking to acquire new and prospective ground outside of the heavily staked Dawson Range and Selwyn Basin Gold Districts of the Yukon are turning their attention to this region.

 

pacer_2

Solomon Field Crews Staked 24 Additional Mineral Claims at the Pacer Property in July of 2011


The Alaska Highway runs parallel to and within two kilometers of the northeastern boundary of the Placer Claim Group, and the Haines Highway extends 192 miles south from the town of Haines Junction to the deepwater port of Haines, Alaska.  A four wheel drive road extends from Bear Creek on the Alaska Highway along the Alsek River valley and Thunderegg Creek to the southern portion of the property.  Solomon field crews have upgraded the road access to the southernmost portion of the Pacer Claim Group in the past few weeks.

pacer_3

PACER CLAIM GROUP:  Thunderegg Creek View South


pacer_4

PACER CLAIM GROUP:  Solomon Field Crews have opened up road access to the Pacer Claim Group in the 2011 Field Season.

Solomon mobilized an exploration crew to the property in late July of 2011.  Exploration was based out of Haines Junction and Silver City, employing fly camps where practicable.  Helicopter support is available at both Haines Junction and Silver City for crew deployment.  Stream sediment sampling was used early in the season to corroborate historical company and RGS anomalies; prospecting and mapping traverses on the existing claim group and two new targets narrowed down areas for detailed followup.

The 2011 program also contemplates the acquisition of 400 soil geochemical samples (300 from property grids to be established on the Pacer claims and 100 from ridge reconnaissance sampling.)  Linecutting will open up the middle reaches of Thunderegg Creek and surrounding slopes for preliminary exploration.